$ALGO sits on my short-side watchlist because the price is forming lower lows while inside a clear descending trendline. The hourly and fifteen-minute action show bearish momentum, and the latest candle rejected the low end of its consolidation. If it manages a strong close above the last swing high, that would weaken this view considerably.
Execution plan (ALGOUSDT — SHORT)
Entry: 0.11048 - 0.11096 | SL: 0.11256
Take profit: 0.10888 → 0.10742 → 0.10558
#TradeSetup
Execution plan (ALGOUSDT — SHORT)
Entry: 0.11048 - 0.11096 | SL: 0.11256
Take profit: 0.10888 → 0.10742 → 0.10558
#TradeSetup